Socioeconomics

Socioeconomics or socio-economics is the study of the relationship between economic activity and social life. The field is often considered multidisciplinary, using theories and methods from sociology, economics, history, psychology, and many others.

By: Sal Khan

Using real GDP as a measure of actual productivity growth

Circular flow of income and expenditure. Gross domestic product. The value of a currency is constantly changing (usually going down in terms of what you can buy). Given this, how can we compare GDP measured in dollars in one year to another year? This tut

By: Sal Khan

Relationship between the GDP deflator, nominal GDP and real GDP

Circular flow of income and expenditure. Gross domestic product. The value of a currency is constantly changing (usually going down in terms of what you can buy). Given this, how can we compare GDP measured in dollars in one year to another year? This tut

By: Sal Khan

Simple example of calculating Real GDP from Nominal GDP

Circular flow of income and expenditure. Gross domestic product. The value of a currency is constantly changing (usually going down in terms of what you can buy). Given this, how can we compare GDP measured in dollars in one year to another year? This tut

By: Sal Khan

Thinking about how different types of expenditures would be accounted for in GDP

Circular flow of income and expenditure. Gross domestic product. You already understand the circular nature of the economy and how GDP is defined from the last tutorial. Now let's think about how economists define the composition of GDP. In particular, we

By: Joshua A. Salomon

Medical Reference Publication

1. Introduction
WHO introduced healthy life expectancy as a summary measure of the level of health attained
by populations in the World Health Report 2000 (1, 2). The World Health Report 2001 (3)
reports estimates of total life expectancy (LE) and healthy life expectancy (HALE) by sex for
the 191 Member States of WHO. Calculation of HALE for WHO Member States requires
three inputs. First, life expectancy at each age is calculated using the standard life table
approach (4...

By: Sal Khan

Understanding the components of the expenditure view of GDP. Consumption, investment, government spending and net exports

Circular flow of income and expenditure. Gross domestic product. You already understand the circular nature of the economy and how GDP is defined from the last tutorial. Now let's think about how economists define the composition of GDP. In particular, we

By: Sal Khan

Looking at a simple model of an economy

Circular flow of income and expenditure. Gross domestic product. You already understand the circular nature of the economy and how GDP is defined from the last tutorial. Now let's think about how economists define the composition of GDP. In particular, we

By: Sal Khan

What happens when a good is not finished in a period

Circular flow of income and expenditure. Gross domestic product. Economics can some times get confusing because one person's expenditure is another person's income which can then be used for expenditure and on and on and on. Seems very circular. It is. Th